Trillions of dollars has been wiped from global equity markets on the back of coronavirus-related fears, with it now spreading throughout mainland Europe. The entire market cap of cryptocurrencies has decreased by $40 billion in light of the recent sell-off. Several cryptocurrency analysts have been scratching their heads wondering why Bitcoin failed to form a higher high when assets like gold continue to impress. While the slump in the price of cryptocurrencies has been devastating, it pales into insignificance when compared with the decline in stock markets.
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